Embassy Bank plans to open branch in Macungie

A 2012 file photo of Embassy Bank's location at 4148 W. Tilghman St. in South Whitehall Township. The bank on Monday announced it plans to open its ninth location in Macungie. (APRIL GAMIZ / THE MORNING CALL)

Embassy Bank for the Lehigh Valley, already the area’s top locally based bank by market share and deposits, has plans to add another office in the region.

The Hanover Township, Northampton County-based Embassy on Monday announced it is planning an office in Macungie, which would be located on Route 100/West Main Street between Gehman Road and South Church Street. It would be the bank’s ninth office in the Lehigh Valley.

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According to a filing with the U.S. Securities and Exchange Commission last month, Embassy Bank on Nov. 10 executed a ground lease agreement with Pope Valley Properties LLC for the proposed Macungie branch at 200 W. Main St. Completion of the project and opening of the proposed branch, which would be constructed with a drive-through, is subject to municipal and regulatory permits and approvals, the filing notes.

“Opening this location is a continuation of our commitment to serve the Lehigh Valley with true community banking,” Embassy President and CEO Dave Lobach said in a news release. “We currently have a number of residential and business customers in the Macungie area serviced by our Trexlertown office and our online banking options. This new office will provide even more convenience and allow us to serve this community more effectively.”

The plan continues a pattern of growth for Embassy, which opened its eighth branch in Nazareth in 2016. The bank, which got its start in 2001 with one location and 12 employees, currently has eight locations and 89 employees.

A Federal Deposit Insurance Corp. report issued earlier this year showed Embassy ranks No. 6 in the four-county Allentown-Bethlehem-Easton metropolitan area when it comes to deposits and market share. As of June 30, Embassy had $882.4 million in deposits and a market share of 5.32 percent, trailing Wells Fargo, BB&T, PNC Bank, Lafayette Ambassador Bank (owned by Lancaster-based Fulton Financial Corp.) and Bank of America.